4261 BULLARD ST, North Port, FL 34287
One or more photo(s) has been virtually staged.NEW PRICE!! Welcome to your new home! This charming two bedroom, two bathroom house in North Port, FL offers 1,256 sq ft of comfortable living space. Living room and bedroom floors were updated September 2024 with new luxury vinyl flooring! Enjoy year-round comfort with central air conditioning, ensuring a pleasant atmosphere in every season. Newly installed hurricane windows throughout most of the house provide enhanced safety and energy efficiency. The roof was replaced in 2023, offering peace of mind and added durability for years to come. City water and sewer makes for low maintenance utilities! Use the chalkboard wall near the kitchen to keep reminders for family members or let the little ones express their artistic abilities! A huge Florida room provides a versatile space for relaxation, entertaining, or as a home office. In addition, The rear screened patio is perfect for outdoor dining, lounging, or enjoying the fresh air without the hassle of insects. The backyard features an above ground pool, perfect for cooling off during the hot Florida summers and making memories with family and friends. Nestled in a quiet, welcoming neighborhood with a strong sense of community, Close to shopping centers, dining options, parks, and recreational facilities, ensuring you have everything you need within a short distance. The warm Mineral Springs Park is nearby. Experience the natural beauty of North Port with nearby parks, walking trails, and easy access to the stunning Gulf Coast beaches. Baseball fan? Spring Training Facilities for both the Braves and Rays are minutes away from this home, which is located in the X Flood zone, which means no flood insurance is required from most lenders. Impact windows through most of the home were installed in 2024 and a new roof in 2023! The central Air Conditioner was replaced in 2018 as well as the service panel and hot water heater. This home is a fantastic opportunity for any buyer without compromising on comfort and style. Don’t miss out on making this lovely house your new home!
You may be able to put down less than the total down payment amount of $66,508 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #c7494031